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To encourage busines retention and promote economic development while preserving the quality of life in Valley County, Nebraska.
The Economic Development Board consists of an eight member Board of Directors. Each of the four involved entities (City, County, Chamber and Greater Loup Valley Activities, Inc.) appoints 2 individuals to serve on the eight member Economic Development Board. The Board has a regular monthly meeting at at the Valley County Economic Development Board office at 1514 K Street, Ord, Nebraska on the fourth (4th) Wednesday of each month beginning at 12:00 noon. All meetings are open to the public.
The Mission of the Valley County Economic Development Board is to Encourage business retention and promote economic development while preserving the quality of life in Valley County, Nebraska.
The members of the Board are:
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Members of the staff are:
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For further information on the demographics of Ord and Valley County, please visit the links listed below.
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During 2008-2009 the Valley County Economic Development Board will focus on the following priorities:
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The Valley County Economic Development board adopted an updated Target Industry Study in 2008. The top three targets are as follows:
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City Sales Tax - LB840, was approved by Ord voters in 2001. Proceeds from the sales tax will be used for low-interest loans, loan guarantees and performance-based grants for economic development projects in Ord and Valley County. The fund creates approximately $400,000 per year for 15 years for economic development projects. Possible uses for the sales tax funds include business recruitment, business expansions or start-ups, purchase of real estate for development and much more. For more information, guidelines and an application, click on the links below or call (877) 728-7875.
Economic Development Re-Use Fund, is a regional plan for projects located within Valley County. The objectives of the reuse fund are to provide financing for start-up and existing businesses that cannot obtain conventional financing, to attract new business to the area and to create and retain jobs for low to moderate income persons. The minimum loan amount is $5,000 and the maximum loan amount is $20,000. An application review committee has been created to review applications. For more information, contact Valley County Economic Development at (877) 728-7875.
Loup Valley Investment Club, LLC, 1545 M Street, is a Nebraska limited liability company. Members of the investment club invest their personal funds into the treasury of the company on a monthly basis in order to fund operations and pursue company objectives. This organization has an objective of assisting with community wide economic development by pursuing business start-up, expansion, and development. To do so, members of the LLC screen requests from entrepreneurs and potential new business' in order to make an informed business decision concerning funding of the requests. Projects that are approved by investment club members then receive funding from the LLC in the form of an "investment" rather than as a loan. Current projects of the investment club include a 10,000 square foot spec building and a housing development. For more information contact Gaylord Boilesen at (308) 728-7217.
Tax Increment Financing (TIF) The City of Ord has the ability to us TIF to assist a new or expanding business. For more information, contact the City office at (308) 728-5791.
Valley County Business Incentives For further information, view the Incentives Brochure.
Nebraska Advantage -
The Nebraska Advantage package was designed to create a business climate that makes Nebraska the preferred location for starting and growing your business. The Nebraska Advantage rewards
businesses that invest in the state and hire Nebraskans. In this progressive, pro-business tax climate, corporate income and sales taxes are reduced or virtually eliminated.
For additional information on the Nebraska Advantage program click here.
Nebraska Advantage Brochure
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Farmers National Company, (308) 728-5160
Fox 1 Realty, (308) 728-3300
Gumb Auction & Realty, (308) 728-0000
Wolf Inc., Auction &
Real Estate, (308) 728-3101
For additional information, email valleycountyed@frontiernet.net or phone 877-728-7875.
Valley County Economic Development
1514 K Street
Ord, Nebraska 68862
Phone: (877) 728-7875
Fax: (308) 728-7691
E-mail: valleycountyed@frontiernet.net
